Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.72B |
| 2 |
Apple
AAPL
|
+$1.98B |
| 3 |
Microsoft
MSFT
|
+$1.42B |
| 4 |
Alibaba
BABA
|
+$1.03B |
| 5 |
Amazon
AMZN
|
+$924M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keurig Dr Pepper
KDP
|
+$173M |
| 2 |
FedEx
FDX
|
+$150M |
| 3 |
Oracle
ORCL
|
+$139M |
| 4 |
Linde
LIN
|
+$132M |
| 5 |
PayPal
PYPL
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.59% |
| 2 | Consumer Discretionary | 6.81% |
| 3 | Healthcare | 6.77% |
| 4 | Financials | 5.21% |
| 5 | Industrials | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
CALL
Fox Factory Holding Corp
FOXF
$755M
| $7.52M | 0.01% |
+71,100
| New | +$6.46M |
|
2027
Certara
CERT
$1.26B
| $7.49M | 0.01% |
+221,986
| New | +$8.13M |
|
2028
Peloton Interactive
PTON
$2.77B
| $7.48M | 0.01% |
49,295
-80,117
| -62% | -$9.76M |
|
|
CIT
2029
PUT
DELISTED
CIT Group Inc.
CIT
| $7.47M | 0.01% |
+208,200
| New | +$6.57M |
|
|
CMLFU
2030
DELISTED
CM Life Sciences, Inc. Unit
CMLFU
| $7.45M | 0.01% |
642,321
-1,989,997
| -76% | -$21.4M |
|
2031
GCM Grosvenor
GCMG
$754M
| $7.45M | 0.01% |
559,139
+326,229
| +140% | +$3.62M |
|
2032
Marten Transport
MRTN
$1.21B
| $7.45M | 0.01% |
432,132
-14,936
| -3% | -$256K |
|
2033
Enanta Pharmaceuticals
ENTA
$366M
| $7.44M | 0.01% |
176,769
+50,856
| +40% | +$2.24M |
|
2034
iShares MSCI USA Momentum Factor ETF
MTUM
$25B
| $7.44M | 0.01% |
46,109
+37,175
| +416% | +$5.7M |
|
2035
Simon Property Group
SPG
$74.4B
| $7.44M | 0.01% |
87,190
+68,849
| +375% | +$5.26M |
|
2036
Aflac
AFL
$64.9B
| $7.42M | 0.01% |
166,871
-164,742
| -50% | -$6.74M |
|
2037
Banco Santander
SAN
$201B
| $7.41M | 0.01% |
2,429,211
+2,313,592
| +2,001% | +$5.86M |
|
2038
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $7.41M | 0.01% |
46,946
-11,364
| -19% | -$1.8M |
|
|
RBAC.U
2039
DELISTED
RedBall Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one
RBAC.U
| $7.4M | 0.01% |
640,003
-3,859,997
| -86% | -$42.4M |
|
2040
Revolution Medicines
RVMD
$39.9B
| $7.38M | 0.01% |
+186,429
| New | +$7.37M |
|
2041
CALL
GSK
GSK
$104B
| $7.36M | 0.01% |
160,000
+40,000
| +33% | +$1.84M |
|
2042
Tractor Supply
TSCO
$16.1B
| $7.36M | 0.01% |
261,620
-1,655,870
| -86% | -$46.3M |
|
2043
Beam Global
BEEM
$23.3M
| $7.35M | 0.01% |
99,660
+88,374
| +783% | +$2.45M |
|
|
CSII
2044
DELISTED
Cardiovascular Systems, Inc.
CSII
| $7.35M | 0.01% |
167,868
+63,124
| +60% | +$2.38M |
|
2045
Adient
ADNT
$1.65B
| $7.33M | 0.01% |
210,898
-611,169
| -74% | -$17.2M |
|
2046
Analog Devices
ADI
$179B
| $7.33M | 0.01% |
49,606
-416,881
| -89% | -$55.3M |
|
2047
PUT
Petrobras
PBR
$125B
| $7.33M | 0.01% |
652,500
-155,800
| -19% | -$1.38M |
|
2048
Cavco Industries
CVCO
$4.22B
| $7.31M | 0.01% |
41,665
+40,327
| +3,014% | +$7.48M |
|
2049
British American Tobacco
BTI
$131B
| $7.28M | 0.01% |
194,049
+128,139
| +194% | +$4.59M |
|
2050
CALL
Align Technology
ALGN
$12.1B
| $7.27M | 0.01% |
13,600
-4,000
| -23% | -$1.8M |
|
Similar funds
Millennium Management's Q4 2020 Portfolio in Review
As of Q4 2020, Millennium Management held 5,904 positions worth $138B, up 170,419% from $81.2M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management deployed $45.7B of net new capital in Q4 2020, opening 1,518 new positions and adding to 1,899 existing holdings. Its largest new stake was Sotera Health: 2,269,458 shares worth $62.3M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 6% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Keurig Dr Pepper, an estimated $173M trimmed.
- Millennium Management's largest Q4 2020 buy was Sotera Health: 2,269,458 shares worth $62.3M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2020, an estimated $2.72B increase.
- Millennium Management's biggest Q4 2020 reduction was Keurig Dr Pepper, cutting an estimated $173M.
- Millennium Management fully exited Clover Health Investments in Q4 2020, selling an estimated $36.7M.
- Millennium Management's ten largest holdings make up 20% of its $138B portfolio in Q4 2020.
- Millennium Management opened 1,518 new positions and closed 754 in Q4 2020.
- Millennium Management's portfolio value rose 170,419% quarter-over-quarter to $138B.
Based on Millennium Management's 13F filing for Q4 2020, filed 16 Feb 2021.